our demat accounts and services

TMB is a accredited depository participants with the NSDL (National Depository Services Limited). Our charges are extremely nominal and service is quick. We offer three different types of demat accounts to suit your different volumes and frequency of activity in the account.

Present NSDL - Schedule of Charges

Rs. 4.50 per Transaction (Nil for Commercial paper and Short Term debit instrument).

Rematerialisation

Rs. 10 per Certificate.

Pledge Creation / Confirmation

Rs. 25 per Certificate.

Conditions

The value of shares and charges are calculated as per NSDL formula and rates.

There will be a charge of Rs. 100 for dishonour of any cheque or unsuccessful attempt to recover payment through direct debit or ECS. The depository services are liable for discontinuation if TMB is unable to recover charges from the customer, for any reason whatsoever. In such cases, there will be a charge of Rs. 250 for resumption of services and the services will be resumed after a minimum of three working days from the date of receipt of request at TMB Demat Service Office at Chennai.

Any service that is not indicated above will be charged separately as per the rates applicable from time to time.

TMB reserves the rights to revise the tariff structure from time to time, with a notice of 30 days.

In the event of closing the demat account or shifting of the demat account from one Participant to another, the AMC collected upfront on annual basis by the Participant, shall be refunded by the Participant to the Clients for the balance of the quarter/s.

The above mentioned charges are exclusive of Goods & Service Tax (GST) and any other charges levied by Government Bodies / Statutory authorities, etc from time to time.

SPEED-e and IDeAS for Demat account operation

TMB gladly introduces one more facility called SPEED-e and IDeAS from Nov 23, 2006. This facility will facilitate our clients to submit delivery instructions (Debit instructions) and view their demat account maintained with us online. More complete details of this new service are available under this Speed-e and IDeAS Service Document (Format: Adobe "PDF" Document).

Offline Share Trading

The bank has entered into tie-up arrangement with M/s. Religare Securities Ltd. for opening offline share trading accounts with competetive brokerage structure. Note: From such Religare Trading Accounts, the bank receives 50% of the commission received from the customer.

Designated Branches for Demat Services

The following are the 76 branches that are currently authorized to offer / provide Demat Services to the customers.